Financial Performance
V-Mart Retail Limited reported exceptional financial results for FY26 with revenue growth of 16% to ₹3,789 crore and a remarkable 171% increase in profit after tax to ₹124 crore. The company achieved improved profitability metrics with net profit ratio rising to 3.27% from 1.41% and return on equity reaching 14.08%. Operational efficiency improved with inventory turnover ratio increasing to 2.52 times and trade payable turnover ratio rising to 4.95 times.
Operational Expansion
The company significantly expanded its retail footprint by adding 92 new stores, reaching a total of 577 stores across 28 states with 50 lakh sq ft of retail space. V-Mart served 328 cities with an active customer base of 194 lakhs and recorded 897 lakh footfalls, representing 22% YoY growth. Same store sales growth stood at 5%, and private label contribution reached 70% of apparel mix.
ESG and Sustainability Initiatives
V-Mart demonstrated strong ESG performance with 700 kWp rooftop solar plants generating 2,700+ GJ of renewable energy annually. The company recycled 80 lakh litres of water through RO reject water reuse and implemented zero liquid discharge models. Waste management initiatives achieved 90% carton reuse rate (21 lakh cartons annually) and eliminated 1.4 crore polybags. The company maintained 30% female workforce representation and employed 335 differently-abled persons.
Corporate Governance and Compliance
The board composition included 6 directors (3 independent, including 1 woman independent director) with 97% average attendance. The company paid penalties of ₹11,800 each to BSE and NSE for technical non-compliance with Regulation 29(1)(f). Ongoing litigations included minimum wage disputes totaling ₹128 lakh across multiple states and GST demands of ₹82 lakh under appeal. The company confirmed no crypto investments, no wilful defaulter status, and proper audit trail maintenance.
Capital Structure and Shareholder Returns
V-Mart maintained debt-free status with ICRA AA- (Stable) credit rating. The company declared ₹1 dividend per share and had a record date of July 17, 2026. Promoter holding stood at 44.21% through Conquest Business Services (37.71%) and individual promoters. The company filed subsidy claims of ₹6,607 lakhs under various government schemes with ₹4,330 lakhs received by year-end.
Forward Outlook
The 24th AGM is scheduled for July 30, 2026, to approve financial statements and dividend declaration. The company remains focused on sustainable growth through retail expansion, digital capabilities enhancement via LimeRoad platform, and maintaining compliance with evolving regulatory requirements while continuing its ESG initiatives.